Exicure and Bluejay Therapeutics Inc. Enter into a Patent License Agreement
Exicure, Inc. Announces Appointment of New CEO and CFO and Changes to Board of Directors
Exicure’s layoffs and shelving of research activities haven’t attracted a transaction to save the biotech, but the combined CEO and CFO has a plan.
CHICAGO--(BUSINESS WIRE)--Exicure, Inc. (Nasdaq: XCUR) (“Exicure” or the “Company”), historically an early-stage biotechnology company focused on developing nucleic acid therapies targeting ribonucleic acid against validated targets, previously announced an ongoing strategy to explore strategic alternatives to maximize stockholder value, and as part of such ongoing effort, previously announced the appointment of Jung Sang (Michael) Kim as Chief Executive Officer and Chief Financial Officer of the Company and a Class II director of the Company’s board of directors (the “Board”).
CHICAGO--(BUSINESS WIRE)--Exicure, Inc. (Nasdaq: XCUR), historically an early-stage biotechnology company focused on developing nucleic acid therapies targeting ribonucleic acid against validated targets, today announced that, effective as of April 26, 2023, Jung-Sang (Michael) Kim was appointed as Chief Executive Officer and Chief Financial Officer of the Company and a Class II director of the Company’s board of directors (the “Board”). Mr. Kim succeeds Dr. Matthias Schroff, who yesterday stepped down as Chief Executive Officer and a Class I member of the Board, and Mr. Elias D. Papadimas, who yesterday stepped down as our Chief Financial Officer. Effective as of April 26, 2023, the Board also approved the appointment of Jiyoung Hwang as a Class I director of the Board. Additionally, effective as April 26, 2023, Seung Soo Shin resigned as a Class II director and chairman of the Board. Additional information about today’s announcement, including biographical information about Mr. Kim and Ms. Hwang, will be filed on a Form 8-K with the U.S. Securities and Exchange Commission.
Exicure has already cut its workforce to the bone, but now the nucleic acid therapy biotech is searching for some sort of transaction to save what’s left.
Exicure, Inc. Reports Full Year 2022 Financial Results and Provides Corporate Update
CHICAGO--(BUSINESS WIRE)--Exicure, Inc. (NASDAQ: XCUR) an early-stage biotechnology company historically focused on developing nucleic acid therapies targeting ribonucleic acid against validated targets, today announced the termination of its collaboration agreements with AbbVie, Inc. (AbbVie) and Ipsen BioPharm Limited (Ipsen).
One could be forgiven if they expected Exicure to have stopped the bleeding after a tumultuous first quarter of 2022. It was then that two top executives, including the CEO, resigned and three board members departed.